Greece 2012

[ismamusical]

The general consensus on the market is that Greece will default year (2012). The question now is whether it will be an orderly default, or when the shit will hit the fan and send the markets into a tailspin raising the risk of contagion into Portugal, Italy, Ireland and Spain.

Therefore, I started this thread to take a poll on when you feel Greece will really default. You must vote from 28th February 2012

I look forward to see the results of the survey and receive any additional comments you might have on the topic.

All remarks and disagreements about the past, current and potential future of Greece are welcome, but please be great to each other.

Please remember that a haircut, even an agreed one. Is a default.
By selecting Never you are stating that all bond holders will be paid the face value of their bonds upon maturity.



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[ismamusical]

Alright PT, please explain to me exactly what the definition of default exactly so I could consider to change my vote from'never' to other person. .because this really is an ambigue about default term... sorry I am nubie about it. . .cheers...

A default occurs when bondholders are paid less than the face value of the bond at maturity, whether by agreement or not.

Once done by arrangement, it's called an orderly default
Once done forcefully without arrangement it's disorderly.
Either way it's a default.

[Amgemi91]

A default occurs when bondholders are paid significantly less than the face value of the bond at maturity, whether by agreement or not.

Once done by agreement, it is called an orderly default
Once done without agreement it is disorderly.
Either way it is a defaultoption.

Mmh,clear enough PT,ok, I'll change my mind, I vote default since greek debt problem cannot fix without bondholders' agreement..about when, I believe we could have a glance of payment program of greek's bond this season... it's only my opinion... cheers...

[kmasnoyamsk]

A default occurs when bondholders are paid significantly less than the face value of the bond at maturity, whether by agreement or not.

Once done by arrangement, it is called an orderly default
Once done forcefully without arrangement it is disorderly.
Either way it is a defaultoption.

Them were the great old days if you either paid or not. Lately SPoors determined that just 50 percent or less are a orderly default option. Therefore a haircut of 49 percent is erm... business as normal .

Sticking to your definition, haircut in Q1 or Q2 definitely. Haircut in under 3 months time IMO ending Q1.

Can we get a prize?

[JuanJog]

Do you know about the issue or you make suspect's?
Because to comprehend what is really going on you have to find a deep
understanding of this topic you need to read the Greek media and the European statements and in the exact same time to assess the level of adaptability the Greek society get to the new measures and dements by its creditors at which lead to challenging negotiations between the government and its European partners. On all above points you need to add the geopolitical importance (if anyup for one to find out) the country provide to its partners among of its organic sources
The way comfitable and pricey will be for the Europeans to allow a default happen? Or its better to continue helping the country to rise up? If you are able to answer all of the above questions so you discover the equilibrium of the present crises and you get the answer other wise you're in coin reverse suspect
In which of course you get 50% shift to be right what your response is
Lings of Greek newspapers in English
http://www.ekathimerini.com
http://www.athensnews.gr
http://www.gogreece.com
http://www.apodimos.com

[JuanJog]

As part of the European marriage a country manhood it cant default but it could be insolvent.
Is exactly the same like California it dint default option since it belongs to a marriage state (USA) but it getting busted.

Now if Greece wasn't a part of the Union under present conditions it ought to be a default option if previous dint had the ability to devaluate it currency or other of its resources
So Piptrader don't try to make your own fund rules just adhere to the existing once!!

[kmasnoyamsk]

Don't sit on the fence bean that is old, let's hear your vote.
So far as I can see, all EU nations will move heaven and earth to protect against the credit occasion (disorderly or lt;50% negotiated) but less eager to shoulder the majority of Greek debt. I can view this stretching out for a looooong time.

[JuanJog]

Don't sit on the fence old bean, let us hear your vote.
As far as I can see, all EU countries will move heaven and earth to protect against the credit event (disorderly or lt;50% negotiated) but less eager to shoulder the majority of Greek debt. I can see this stretching out to get a time.

I don#8217;t know how much you can see or what ever your visual abilities are generally, simply take a coin out of your pocket and flip it you will get 50% shift to acquire
from how Allow the Seykota lonely he was among the #8220;TURTLES#8221; which means against the fundamentals
Dont forget to deal with your stomach is very sensitive

[kmasnoyamsk]

If you don't need to reply, you don't need to resort to cryptic Aesop's fables Tranco. Loosen up

[Micok]

Tranco's annoyance is very understandable... he is sitting in Greece.

However, is there any real distinction between being split, default and bankrupcy? As far as I know it when you are insolvent you default and therefore are declared bankrupt. Or you are declared bankrupt and then you default.

The specific details of how this can be completed depends upon a few different things, the most important being your significance to the people you spend money on and your capacity to secure your assets .